H&M Archive

H&M Third Quarter Earnings Miss Estimates on Discounts

STOCKHOLM, Sweden  — Hennes & Mauritz AB reported third-quarter earnings short of analysts’ expectations as the Swedish fashion retailer marked down prices and the strong dollar raised garment costs. Pretax profit fell to 6.3 billion kronor ($730 million) in the three months through August from 6.94 billion kronor a year earlier, the Stockholm-based company said in a statement Friday. That compared with an average 6.37 billion-krona estimate …

Social Goods | 14-Year-Old H&M Factory Workers, Burkini Debate, Amazon's Tax Bill

“H&M Factories in Myanmar Employed 14-Year-Old Workers“ (The Guardian)“Swedish fashion chain H&M worked with clothing factories in Myanmar where children as young as 14 toiled for more than 12 hours a day.” “The Multifaceted ‘Burkini’ Debate“ (The New York Times)“The moves by French mayors in coastal cities to ban the burkini on their beaches has put a new twist on a long-running debate in Europe …